1945

World Trade Organization (WTO)

Activities of the World Trade Organization (WTO) in 1996 included facilitating implementation of the results of the Uruguay Round; providing a forum for multilateral trade negotiations and a framework for implementing their results; administering the dispute settlement procedures and the Trade Policy Review Mechanism; and cooperating with the International Monetary Fund (IMF) and the World Bank to achieve greater coherence in global economic policy-making. WTO came into being on 1 January 1995 as the successor to the General Agreement on Tariffs and Trade (GATT), following the conclusion of the Uruguay Round of multilateral trade negotiations.

Related Subject(s): United Nations
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